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DEPARTMENT PROFILE

William Fry

Restructuring/Insolvency

3 ranked lawyersBand 1IrelandEurope 2022 View ranking table
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chambers review
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Ranked Lawyers

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What the team is known for

William Fry is a highly respected team which offers extensive experience and technical knowledge in restructuring and insolvency cases. The law firm advises domestic and multinational creditors as well as debtors and their subsidiaries. The leading team is also knowledgeable in solvent liquidations. William Fry additionally represents examiners, administrators and receivers in a variety of mandates, including litigation and enforcement proceedings.

Strengths

"William Fry is extremely knowledgeable on the restructuring side - second to none," affirms one client.

"The team is very responsive, always came back when they said they would, and are good in distilling things in an understandable manner," notes another interviewee.

Work highlights

Represented the appointed examiner of Norwegian Air International.

Notable practitioners

Craig Sowman advises debtors, creditors and insolvency practitioners in administration, examinership and liquidation proceedings. "Craig Sowman is very good in commercial litigation and restructuring. He has broad knowledge and is very well rounded," according to one interviewee.

Fergus Doorly frequently acts on restructuring processes, often representing debtors and insolvency practitioners. Clients emphasise that he is "an outstanding lawyer, very commercial, highly regarded"and "very experienced in restructuring and insolvency."

Ruairi Rynn moves up the rankings as a result of excellent client and peer recognition. He is noted for his work on examinership proceedings and schemes of arrangement. He is also experienced in liquidation processes. According to one interviewee, "his technical grasp of insolvency legislation is superb."

Department Information

This content is provided by William Fry.

Overview

The William Fry expanding Insolvency & Corporate Restructuring team provides a comprehensive service on all aspects of insolvency, corporate and debt restructuring and personal bankruptcy.  The team has been involved in Ireland’s most significant insolvencies and related cases in recent times including:

  • advising Ballantyne Re plc on an Irish law scheme of arrangement to restructure US$1.6bn of New York law governed notes.
  • acting for Naval Energies SAS in petitioning the High Court for the appointment of Joint Liquidators to the OpenHydro Group and resisting a petition for examinership presented by certain minority shareholders;
  • advising NAMA appointed receiver, Declan MacDonald of PwC, in defence of proceedings issued by a property developer; 
  • acting for the Karen Millen Group in its acquisition of certain Coast assets from the provisional liquidator of the Irish entity following administration of the parent;
  • advising EY as the Joint Administrators of Nortel Networks (Ireland) Limited

Our team has specific experience in aviation, manufacturing, retail, financial services, technology and property-based businesses. We use our experience to design and implement innovative commercial solutions in this complex field.


    Members

    Cacciato, Niamh

    Doorly, Fergus

    Murphy, Deirdre

    Rynn, Ruairi

    Rynn, Ruairi

    Sowman, Craig

    Clients

    Airplanes Holdings Limited

    Allied Irish Banks plc

    Bank of Ireland

    BDO Ireland - David O'Connor and Jim Hamilton

    Bibby Financial Services (Ireland) Limited

    Close Invoice Finance Limited

    DCNS - Openhydro

    Debenhams Group

    Deutsche Bank / Havbell

    Duff & Phelps - Declan Taite

    Ernst & Young - David Hughes & Alan Bloom & Luke Charleton

    Grant Thornton - Aengus Burns and Stephen Tennant

    Irish Bank Resolution Corporation (In Special Liquidation)

    KPMG - Kieran Wallace

    McStay Luby - Jim Luby and Tom Rogers

    Myles Kirby of Kirby Healy

    National Asset Management Agency (NAMA)

    Neil Hughes of Baker Tilly Hughes Blake

    Pepper Financial Services Limited

    PK Airfinances S.a.r.l and DVD Bank SE

    PWC - Declan McDonald as Receiver of Treasury Holdings Co

    RSM Ireland - George Maloney

    Industries

    Aerospace & Defence

    Banks

    Commercial & Professional Services

    Construction & Materials

    Consumer Product Manufacturing

    Energy

    Financial Services

    Food & Drink Producers

    Government

    Health Care

    Insurance

    Media

    Pharmaceuticals & Life Sciences

    Private Clients / Individuals

    Real Estate

    Real Estate Finance

    Retail

    Software & Computer Services

    Sports

    Technology, Hardware & Electronics

    Travel & Leisure

    Restructuring/Insolvency

    William Fry

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    Location

    2 Grand Canal Square

    Dublin

    County Dublin

    Ireland

    2

    View Firm Profile

    Ranked Lawyers

    Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

    Ireland

    Restructuring/Insolvency

    Craig Sowman
    Band 3
    teamMore about this individual
    Fergus Doorly
    Band 1
    View
    Ruairi Rynn
    Band 2
    teamMore about this individual